Shared by
traderdanbows
I only traded 50 shares on this. It was a consolidaiton of a gap down stock on earnings hugging the 9ema using a 5 min chart. I took .60 cents. It went down another 1.5 pts. Next time I need to scale out.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-10-29 12:56:29 | FFIV | sell | $111.120 | short |
| 2015-10-29 13:08:05 | FFIV | buy | $110.510 | 0 |
Comments
traderdanbows
Brijesh thanks for the comments. I agree it would have been a great money maker. Something that I will eventually turn into more money as I get better. I took the small position size because I started to look at my P/L for the day and I became conservative, thinking if it goes against me, I will be out with a small loss and still have a profit overall for the day. I have been working on to stop trading my P/L and focus on the technical stock pattern. I am making small steps progress.
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this could have been a real money maker for you. hope you dont mind my asking but why such a small position size? the setup was there and your risk was very low at entry (between 3 to 8 cents from what i can tell). even if your max risk per trade was only 25 bucks you could have taken 300 shares of this stock. and if you kept lotto shares it would have made you a nice chunk of change.